[SMM NPI Market Transaction Update] SMM reported on May 22 that

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NewsFlash / Nickel / SMM NPI Market: China Stainless Steel Mill Buys High-Grade NPI from Indonesia

SMM NPI Market: China Stainless Steel Mill Buys High-Grade NPI from Indonesia

May 22, 2025 16:10

Source:SMM

[SMM NPI Market Transaction Update] SMM reported on May 22 that according to market sources, a stainless steel mill in east China recently purchased high-grade NPI at a transaction price of 965 yuan/mtu (tax-inclusive, delivered to the mill, Ni≥11%), with the ore sourced from Indonesia. Another transaction was made at 970 yuan/mtu (tax-inclusive, delivered to the mill, Ni≥12%), also with ore sourced from Indonesia. The total transaction volume amounted to several thousand mt, with delivery scheduled for early June.

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This week's average price for SMM 8-12% high-grade nickel pig iron (NPI) reached 947.3 RMB per nickel point (ex-factory, including tax), an increase of 5.4 RMB per nickel point compared to last week. This indicates a stabilization and recovery trend in the high-grade NPI prices following recent fluctuations.

May 23, 2025 17:12

Analysis

High-Grade Nickel Pig Iron Prices Stabilize Amid Supply and Demand Dynamics

[SMM Weekly Review of Nickel Ore Market] Indonesian ore prices held steady this week, with the market awaiting the next round of price quotes and transactions

Philippine nickel ore is affected by multiple factors including precipitation and Indonesian factors, with limited downside room in the short term. Indonesian ore prices held steady this week, with the market awaiting the next round of price quotes and transactions.

May 23, 2025 16:59

Selected News

【SMM Analysis】Weekly Review of Indonesian Nickel Market - 5.23

SMM prices of Indonesian nickel ore have remained generally stable this week. NPI prices showed a rebound trend during this week

May 23, 2025 16:52

Analysis Industry

The market transaction price has risen, and the short-term price may rise for recovery [NPI Daily Review]

[SMM Daily Review: Market Transaction Prices Rise, Short-Term Prices May Recover Upward] On May 23, the average price of SMM 8-12% high-grade NPI was 951 yuan/mtu (ex-factory, tax included), up 2 yuan/mtu from the previous working day...

May 23, 2025 16:42

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[SMM Nickel Sulphate Daily Review] Nickel Salt Prices Remained Stable on May 23

On May 23, the SMM battery-grade nickel sulphate index price was 27,803 yuan/mt, with the quotation range for battery-grade nickel sulphate at 27,760-28,270 yuan/mt, and the average price remained stable compared to the previous day.

May 23, 2025 14:16

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[SMM Nickel Midday Review] Nickel prices continued to weaken on May 23, with the central bank conducting a 500 billion yuan MLF operation

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May 23, 2025 09:31

Selected News

The market transaction atmosphere has warmed up, and the price of high-grade NPI has stabilized and risen [Daily Review of NPI]

[SMM Daily Review: Market Transaction Atmosphere Warms Up, High-Grade NPI Prices Stabilize and Rise] On May 22, the average price of SMM 8-12% high-grade NPI was 949 yuan/mtu (ex-factory, tax included), up 2.5 yuan/mtu from the previous working day...

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Downstream demand picks up, nickel salt prices rise

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2025 SMM SOUTH AMERICAN LITHIUM RESOURCES FIELD TRIP

Indonesia Critical Minerals Conference & Expo 2025

2025 (2nd) Global Renewable Metal Industry Chain Summit